to select one. Use this screen to enter, revise, and report hours required to complete ongoing projects. Additionally, you can update incurred hours on their ETCs with inception-to-date actual hours from the labor history. To use budgeted hours as estimate-at-completion values, update this screen with values entered in the Project Total Budget screen (Projects » Budgeting and ETC » Total Budgets). An in-depth step-by-step instruction guide is provided as part of Projects Special Topic PJ-13, "Estimate to Complete."
In this maintenance screen, you can enter and maintain the estimate to complete, the Latest Revised Estimate at Completion (LREAC), or the percent complete at the project/PLC level. By entering any one of these components, the other two components are automatically calculated. The following is a summarization of the calculations that the screen performs:
ETC = LREAC - Incurred
LREAC = Incurred + ETC
Pct Complete = Incurred/LREAC
Run the Update Incurred Cost for ETC screen (Projects » Budgeting and ETC » Estimate to Complete) before using this screen to update the incurred costs and hours with actuals. If ETCs are based on budgeted hours, you should run the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) as well. Then, as estimates for individual PLCs change, make the modifications in this screen.
This field displays the project ID from the main screen. The non-editable field to the right displays the project description.
This non-editable field displays the date that incurred hours were updated for this project. When you run the Update Incurred Cost for ETC screen (Projects » Budgeting and ETC » Estimate to Complete), the update date is written to the ETC Update table. This date is displayed here.
This non-editable field displays the date that estimates to complete were updated based on budgeted information for this project in the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete). When you run the Revise ETC screen, the update date is written to the ETC Update table. This date is displayed here.
Enter a PLC or use to select one.
This non-editable field displays the description of the PLC.
This non-editable field displays the cumulative actual hours incurred for this project and labor category.
Enter the estimate-to-complete hours for this PLC. The hours may have been calculated for you by the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) if you elected to update ETCs based on subtracting actual incurred from budgets. When you enter the hours, the system recalculates the Latest Revised Estimate At Completion (LREAC) by adding Incurred and Est-to-Compl.
Enter the LREAC hours for this PLC. These hours may have been calculated for you by the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) if you elected to update ETCs based on subtracting actual incurred from budgets. When you enter the hours, the system recalculates the Est-to-Compl hours by subtracting Incurred from LREAC. The formula is: LREAC = Incurred + ETC.
Enter the percent complete for this PLC. These hours may have been calculated for you by the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) if you elected to update ETCs by subtracting actual incurred from budgets. When you enter a percent, the system recalculates the LREAC by dividing Incurred by % Compl, and recalculate the Est-to-Compl hours by subtracting Incurred from LREAC.
This non-editable field displays the previous estimate-at-completion hours updated by the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete). The utility copies the previous hours to this field before updating with the new EAC hours.
This non-editable field displays the previous percent complete based on the previous estimate.
This non-editable field displays the total budget in hours for this Project and PLC from the Project Total Budget screen (Projects » Budgeting and ETC » Total Budgets).
This non-editable field displays the last time this PLC was updated with new ETC hours, LREAC hours, or % Compl.
Click this button to open a subtask where you can revise ETC hours for the selected project.
Click this button to open a subtask that summarizes the Incurred, LREAC, and Est-to-Compl hours entered for the selected project.